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Business

Don't reduce resources for employment generation: India

India today urged developing countries to be "extra vigilant" to ensure that resources allocated to employment generation are not brought down significantly against the backdrop of the financial meltdown.
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Jet, Kingfisher hike air fares; AI to follow soon

Air travellers will have to shell out more for their tickets from today with Jet Airways, Kingfisher Airlines and their no-frill subsidiaries hiking fuel surcharge by Rs 400 each on all domestic sectors and Air India indicating it will soon follow suit....
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Markets extend gains for second day; Nifty at 1-year high

With foreign institutional investors remaining aggressive buyers, the Bombay Stock Exchange 30-share index Sensex touched nearly one-year high of 15,580.81 in late afternoon trade, while the wider index Nifty touched the one-year high of 4,655.25 points....
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India bans import of select livestock, livestock products

India today banned the import of select live-stock and its products in the wake of the spread of swine flu. "Live-stock and live-stock products shall be prohibited from all countries, in view of notifiable Avian Influenza," the Directorate General of Foreign Trade (DGFT)...
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Sensex on a roll

IT, capital goods and the auto sector kept up the growth tempo at the Bombay Stock Exchange, with the benchmark Sensex today rising by nearly 95 points, giving its best uninterrupted run of weekly gains in nearly four years....
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Global crisis can lead to green industrial revolution: UNIDO

"We must make sure that the crisis is used to launch a new green industrial revolution. But it has to be a truly global one. Developing countries and poor communities, already the most afflicted by climate change, cannot afford to lose out," said UNIDO Director-General Kandeh K Yumkella....
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SC refuses Mumbai SEZ plea for staying land acquisition

The Mumbai SEZ Ltd, promoted jointly by industrialist Mukesh Ambani and his confidant Anand Jain, runs the risk of being scrapped after the Supreme Court today refused to stay the land acquisition process that otherwise has to conclude by June 8....
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TATA looking at Thailand as ASEAN strategic business hub

The TATA Group is actively considering using Thailand as a strategic marketing hub for promoting its products in the ASEAN region, revealed that country''s Industry Minister, Chanchai Chairungruang, who is currently on a six-day visit to India....
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Govt reviews drastic fall in exports; Sharma briefs PM

As exports remain downhill with 30 per cent dip in May -- extending the fall for the eighth month in a row--, the government today reviewed the grave situation with top exporters promising them sops....
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Sensex touches pre-Lehman collapse level before falling

Banking and IT stocks pulled down the market today after the BSE Sensex breached the psychologically important 15,000 level for the first time since the Lehman Brothers collapse in September last year, amid high volatility and profit-selling....
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